Alexander And Kline Give Statement On Student Loan Interest Rate Report

Friday, January 31, 2014

Senator Lamar Alexander and House Education and the Workforce Committee Chairman John Kline (R-Mn.) issued the following joint statement after the Government Accountability Office (GAO) released a report on federal student loan interest rates:

“Today’s GAO report makes it clear that Congress was exactly right to tie student loan interest rates to market rates, because that is the fairest way to ensure the loans don’t overcharge either students or taxpayers. The Bipartisan Student Loan Certainty Act cut interest rates for undergraduate loans nearly in half and made all student loans cheaper, simpler and more certain.”

The Bipartisan Student Loan Certainty Act (also known as the Smarter Solutions for Students Act) included a provision directing the GAO to provide information on issues related to the cost of federal student loans. Specifically, the report was intended to help members of Congress determine whether there was an ideal federal student loan interest rate that would ensure the government could cover Direct Loan costs without generating excess revenue. To read the full report, entitled “Borrower Interest Rates Cannot Be Set in Advance to Precisely and Consistently Balance Federal Revenues and Costs,” click here.


Senate Approves Legislation Calling For 1 Full Semester Of Tennessee History In State’s Public Schools

The Senate unanimously approved a bill Monday evening that would require Tennessee's public schools to go back to teaching at least one full semester of Tennessee history.  Senate Bill 631, sponsored by Deputy Speaker Ferrell Haile (R-Gallatin), is named for the late Senator Douglas Henry, who was a great devotee of Tennessee history and who devoted much of his public life ... (click for more)

Delta Zeta Tau Service Club Hosts Egg Hunt

Around 40 children and grandchildren of Lee’s faculty and staff gathered for games, stories, and an Easter egg hunt hosted by Lee’s Greek service club Delta Zeta Tau on April 12. (click for more)

City Vows Lincoln Park To Be Preserved Despite Major Road, Sewer Projects

City officials vowed on Tuesday that Lincoln Park will be preserved despite a major road extension and sewer relocation planned nearby. Maura Sullivan, the city's chief operating officer, said the Trust for Public Land will hold public meetings geared around ideas for refurbishing the African-American park that once featured ball fields, a swimming pool and other attractions. ... (click for more)

Teen Shot At Brainerd Tunnel; Gunshot Came From Passing Vehicle

A teen was shot in the Brainerd Tunnel on Tuesday afternoon. He was identified as Adrian Williams, 19.   Chattanooga Police responded at 3:16 p.m. to a shots fired call at the 2600 block of Bailey Avenue (the tunnel).   At the same time officers were arriving on the scene, the victim walked into a local hospital suffering from a non-life threatening gunshot ... (click for more)

Don't Clog Up The Last Remaining Semi-Unobstructed Route Into Town From North Of The River

The proposal to turn Hixson Pike in Riverview into a more pedestrian friendly street is more than absurd.   Let's be honest. This is the last semi-unobstructed route into town from north of the river, due to I-27 construction and the bike lane/parking lot that is North Market Street.  So, now the businesses in Riverview would like parking on this main artery? ... (click for more)

Roy Exum: A One-Sided Opportunity

State education commissioner Candace McQueen has apparently fallen and hit her head. She most certainly needs to be examined after she came to Chattanooga on Monday and told the Times-Free Press about an exciting “partnership.” Are you kidding me? Despite the newspaper’s editors actually touting the venture as “promising,” the lady is clearly dancing by herself. With her Achievement ... (click for more)